#but that being said... i will sell out for a Cybertruck one day because i think it would be useful. as a farmer
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I hope you guys understand that not every electric car is a Roadster or a P100D Model X or whatever. Not every electric car is too expensive for the average person to even think about owning. Not even all Teslas are! The Model 3 is meant to be more affordable - looking at the base model and not the ultra fast one. The Y is comparable in price to hybrid SUVs.
Nissan Leafs are good electric cars. There are electric Fords and Chevys and Hyundais!
Any new car is going to be expensive. Most new electric cars are not that much more than most new cars are.
#Teslas are bad because their factories have no quality control and so many parts of their cars feel like cheap junk#because Musk doesn't want to pay to use parts owned by other companies or for copywrites so he wants to make everything himself#their cars are put together badly. panels don't like up right. windshields don't get glued in because of the lack of quality control#the cars' paint falls off when you look at them wrong#discourse#sorry i have a lot of feeling about Teslas and i do think they're way too hyped#but that being said... i will sell out for a Cybertruck one day because i think it would be useful. as a farmer#living somewhere with tons of wind energy potential#I'd love to get a little wind turbine to charge a car with. i don't drive much so i think it would work fairly well...#if i can find a good wind turbine#also a 4wd car... would be so nice. my Prius struggles to make it up my driveway in winter weather :') and it's only the beginning of winter#i bought a tractor and have a plow though so! i can at least clear snow off the driveway and won't get snowed in again#I've gotta tell you. getting snowed in in the first week of December is an experience.#especially coming from somewhere we get 6 inches of snow ALL YEAR#we got more than that in one day here!!!#text#i will rant about Teslas for days and i do think the quality of them is not reflected in their price (they are overpriced)#but not all electric cars are like that#not all electric cars are 'toys for the rich'#i don't like being in debt so i. don't like buying new expensive things. but i have that feeling about every car i can't just buy outright#everything not just cars. debt stresses me out.#so like i definitely have problems with the world we live in where we're encouraged to go into debt because that's how the economy works#we're all just penniless workers often buying things from penniless business owners who buy things from billionaire manufactures.#but like. that's a rant for another day. and i don't think ~capitalism~ as a whole is the worst thing here.#i like small scale capitalism. i love buying from local farmers and small businesses and supporting artists and creators financially#i just don't like corporations and conglomerates
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The Tesla Titan
research paper by David Wacker ⌂
Part I: The Tesla Titan
“Tesla Titan, he’s a hero! Gonna bring emissions down to zero!” Now that may be a clear rip off of the classic Captain Planet theme song, but the Tesla Titan deserves the same recognition as the beloved pollution fighter. The Tesla Titan is not only stopping the crimes of fossil fuel overconsumption and outdated automobiles, but also making space travel less environmentally destructive. Reusable rockets have decreased cost and waste by a big margin. He has also promised that moving to Mars in the future is possible. Though he wouldn’t be able to do all of these amazing feats if it weren’t for his infinitely smart Artificial Intelligence by the name of OpenAI (needs a better nickname). It is said that Tony Stark himself went to the Tesla Titan for pointers on how to be a world-saving superhero. The Tesla Titan keeps giving more and more to our wonderful planet; he is a true hero and spectacle.
His only flaw would be that he hasn't done a good job at keeping his identity hidden. Just about anyone with a WiFi connection knows the Tesla Titan’s real name which of course is Elon Musk. Musk is one of the richest people on the planet, and he has been doing his best to use it for good! The Tesla Titan’s Origin Story begins in the country of South Africa, where he began toying using computers at a young age. At the young age of twelve he sold a video game he had developed to a magazine company. It was a space-themed “shoot-em-up” called Blastar, and it made the future billionaire a cool 500 dollars. You can actually play it in your browser now with a little digging.
At the age of seventeen, while continuing to get more adept with computers, Musk decided to get a Canadian passport. His reasons were based around not wanting to support apartheid—a segregation order in South Africa—with military service as well as chasing better economic opportunities in North America. He first attended Queen’s University in Kingston, Ontario, but then transferred to the University of Pennsylvania, Philadelphia, where he earned two bachelor’s degrees. From there, Musk went to Stanford for graduate school, quitting after a mere two days. He thought that the future was with the internet, and he was correct; in a relatively short amount of time, Musk sold his first online company, Zip2, for 309 million dollars (Gregersen).
Elon Musk, aka the Tesla Titan, has become a dominant figure in the tech industry over the past decade, and for good reason, too. He has brought about paradigm shifts in many different fields with relative ease. This is a result of his influence that he has gained over the years. He has the capability to alter public thinking quicker than it would otherwise change. A paradigm shift is comparable to a scientific revolution, something that generally requires a lot of marketing, money, and, usually, time. Throughout this essay I will compare his ability to sell products to the abilities of the Marvel character Tony Stark, aka, Ironman. Both have helped invent and create amazing pieces of technology. They also have much success selling these technologies, and the similarities go on and on.
The Tesla Titan gets his name after the electric car company he co-founded and where he continues to hold the title of CEO. The car company was founded in 2003 with the idea of fun-to-drive electric vehicles in mind. They launched their first full electric vehicle in 2008, named the Tesla Roadster. The Model S was launched in 2012, becoming the best in its class in every category. The company has released many more vehicles over the years, and just last year, it announced the Cybertruck, which currently has over 650,000 orders. Tesla is also close to releasing a self-driving semi-truck, which promises a 500-mile range on a full charge. From Tesla’s beginning right up to today, “Elon leads all product design, engineering and global manufacturing of the company's electric vehicles, battery products and solar energy products” (Tesla).
Recently, Tesla became the highest valued car company in the world, reaching an estimated $208 billion value in July of 2020. It is now being valued at $387 billion by Yahoo Finance today, with the possibility of another jump in value after it was announced that Tesla is joining the S&P 500. In its seventeen-year lifetime, Tesla became the forefront of electric vehicles, and it has reached farther than any other car brand before it.
Although Tony Stark never released his own brand of vehicles, he is known to be the owner of many expensive sports cars. He also created the Model 52 Iron Man Armor, which could fully transform into a flying car, equipped with two circular jets on the bottom to keep it off the ground. So there’s some comparisons to be made between these two men. In the movie, Spiderman: Homecoming, a Stark Cargo Plane is robbed. Where this might not be the best example of its abilities, it still has the capability to cloak itself and stay off radar. So they both have their experience in transporting goods.
The Tesla Titan’s highest reaching feat is SpaceX, which he founded just a year before Tesla. SpaceX has also reached the forefront in its field of sending rockets to space and, now, landing them back on earth. Falcon 9 was the first ever successful landing of an orbital rocket booster back in 2015. Since then, there has been nowhere to go but up! Following the Falcon 9 was the Falcon Heavy in 2018 and then the revolutionary Super Heavy Starship System this year. The Starship System can carry a total of 220,000 pounds. It is designed to travel quickly to different cities around the globe. It doesn’t stop there, though; the System was also built with the idea of transporting supplies and people to and from the Moon and Mars. It does all this at a fraction of the cost of SpaceX’s closest competitor, Boeing. SpaceX has even transported multiple astronauts to and from the International Space Station (ISS) with its Dragon spacecraft (Gregersen). Just recently, four astronauts were successfully transported to the ISS in association with NASA (Wattles).
A clear paradigm shift occurred when Falcon 9 became the first booster to land itself back on Earth. A mere thirteen years after its founding, the company managed to break a barrier no one had come near breaking before. The main thing that Tesla and SpaceX have in common is their fearless leader, The Tesla Titan. With the amount of success that Elon Musk has had over just the past two decades in these two fields, a connection has to be made with his influence. After so many successes, it would be hard for the world not to believe in his hero-like abilities being behind some of today’s paradigm shifts.
Connecting this to Tony Stark comes a little easier than comparing a single transforming car suit. Stark Industries has connections to the creation of the original Helicarrier that is used by the S.H.I.E.L.D. organization. Tony proposed the original idea to S.H.I.E.L.D., and with the help of Dr. Reed Richards and the former Xman Forge, they were able to design and eventually build the aircraft. Not that readers are able to see much of it, but there has also been a mention of the Stark Industries Aerospace Division, which supposedly created the first spaceship capable of space travel. It was first brought up in Iron Man, Vol. 1, #60, back in 1973, but not much has been said about it since.
Finally, the last evidence I will provide for The Tesla Titan’s ability to perform paradigm shifts in a single bound comes in the form of Open AI. He founded the company alongside Sam Altman and others with a beginning pledge of one billion dollars. Since its inception, the company has worked on many different AI-related projects, from a fully AI Dota 2 team that regularly beats the best of the best human teams, to slightly less impressive—when it comes to competitive gaming—but still impressive bipedal AI simulations that learned to sumo wrestle one another. Moreover, Open AI developed an AI-trained robot hand that can solve a Rubik’s Cube. Then there’s the music generating AI, Jukebox, that has its own Soundcloud. But maybe the most impressive use so far is GPT-3, a unique text-suggestion software that can gather data in split seconds and fill out a full Excel sheet with data after a simple topic search and a few button presses.
In 2018, Musk left the company’s board but still remains a donor. He left the company because of possible future contests between it and the AI that runs his Tesla vehicles’ self-driving. While he might not be with the company anymore, the amount the company accomplished while he was associated with it is still nothing to scoff at. This is another great example of how someone of his status and income can significantly increase the rate of technological progress.
These accomplishments provide the easiest area to find similarities between The Tesla Titan and Iron Man. Both have their hands in the super intelligent AI basket. Tony Stark, of course, has his AI-assistant Jarvis with him wherever he goes, whether it’s in a pair of super fancy Heads-Up Display Glasses, in his massive super smart home, or of course while he’s in his trademark Iron Man suits. Jarvis is used for instant information, hacking, and even controlling certain aspects of the various Iron Man armors.
In the Marvel Cinematic Universe, Jarvis ends up inhabiting a Vibranium-based body that eventually leads to him becoming Vision. The body was constructed under the instruction of another super AI, Ultron, who intended on using the body as his most powerful form yet. As some will know, Ultron turns out to be an evil Artificial Intelligence with the classic, “exterminate the human race” mindset. Thinking quickly, Stark puts Jarvis into the body so it cannot be inhabited by Ultron. Vision is “powered” by the Mind Stone (one of the six world creating Infinity Stones) which gives Jarvis full sentience.
My claim earlier about Tony Stark going to Elon Musk for inspiration was not that far fetched. Robert Downey Jr. did in fact go to Musk for tips on how to play the super-rich, tech playboy that is Tony Stark. And this completely makes sense, as The Tesla Titan is very comparable to Marvel’s Iron Man. It is a good thing that The Tesla Titan is on the good side, as it would be quite dangerous if he suddenly turned evil. He would have all the money and equipment he could need to possibly take over the world…
Part II: Neuralink The Nefarious
Neuralink The Nefarious, comes from a different timeline than The Tesla Titan, a timeline where the man behind the mask chooses to use his influence for evil rather than good. Neuralink The Nefarious sees the world as being infected by the parasite that is the human race, and he plans to use whatever resources he has—and he has plenty of resources—to expel the Earth of its sickness. But he won’t stop there—why conquer one planet, when you can conquer two, plus a moon? He develops spaceships with the cover story of cheaper space travel and commercial use for everyone. Behind the scenes, though, he schemes in the shadows. Along with his plans for stealing worlds, he is developing his mode of extinction for the human race in the form of mind-altering brain implants, which he markets as a possible cure for previously incurable diseases. The idea of self enhancement can drive practically anyone to madness, and he feeds on that desire. The implants are said to also provide information to the user just by thinking. While he’s at it, he has also sold “Not Flamethrowers” to the general public, another tool in his master plan. Neuralink the Nefarious will stop at nothing to become the Earth’s one true owner.
This section of the essay will go over how not only does Elon Musk have similarities to those of Superheros, but he is also very capable of becoming a super villain. I will also go over the idea that when paradigm shifts do happen so quickly because of his influence, Technological Disjunction is rarely part of the equation. Technological Disjunction is what happens when society doesn’t fully agree with a new technology that is being developed. For example, the use of drones by the public—many people worried about personal privacy. This has led to many regulations, including the requirement that the operator have a license to fly their drone over another’s property. Without a lot of technological disjunction, products that maybe should not be put on the market become available. Throughout this portion of the essay, I will compare Musk’s projects to multiple villains spread across pop culture, comparing their views and evil plans with those of Neuralink the Nefarious.
Once again, Neuralink the Nefarious gets his name after one of his evil companies. Elon Musk founded Neuralink in July 2016, with a goal of solving paralysis and improving the human being by tampering with neurons in the brain. The “link” will be implanted into the person’s head with very thin “neural threads” reading interactions between the neurons that are used for movement in the brain. Their plan is to begin by creating a wireless link between users’ brains and their mobile devices: “The Neuralink app would allow you to control your iOS device, keyboard and mouse directly with the activity of your brain, just by thinking about it” (Neuralink). As Neuralink learns more from its different iterations, the ability to help those with paralysis and other disabilities comes next. Or so they say.
I believe that Neuralink the Nefarious got this idea straight from the 2014 Action Film Kingsman: The Secret Service. The film’s antagonist is Richmond Valentine, a rich tech mogul looking to provide the world with “Free Calls, Free Internet, For Everyone, Forever.” He does so by implanting a chip directly connected to the brain. Sound familiar? It is later revealed that Valentine had an ulterior motive with his fancy Wi-Fi chips; not only do the chips provide said services, but they can also be used to make everyone who has one go into a murderous rage. So he markets and sells the chips around the world, and most of the first world ends up with one within a matter of a few weeks. He then activates their murder function and anyone with a chip begins doing whatever they can to hurt and kill everyone around them. Then of course the protagonist saves the day, but that’s besides the point. The point is this: if Neuralink the Nefarious really is inspired by Valentine—or vice versa—who knows what else these “links” will do to us.
A few months after founding Neuralink, Musk founded the Boring Company whose primary goal is to devise and create new methods of transportation. They plan to market underground tubes made for getting places quicker. However, for this essay, I will be focusing on one of the Boring Company’s previous products: in 2018, The Boring Company sold “Not a Flamethrower” to anyone who had a 500 dollars to burn. The 20,000 units sold out, generating ten million dollars for the company. Selling items similar to a flamethrower to the public doesn’t sound safe, obviously, as there is always the distinct possibility of someone wielding one with evil intentions.
I was not able to find a villain that specifically sold flamethrowers to the public. However, there is Norman Osborn, a prominent figure in New York, who is the head of Oscorp, which is a leader in various technologies. Behind the scenes though, Norman is the Green Goblin, one of Spiderman’s oldest foes. After taking an intelligence- and strength-enhancing serum, Osborn ends up going insane, which spurs his liking of destruction. I wouldn’t put selling flamethrowers off the radar for Mr. Osborn, whatever it takes to drive the city to the ground. Neuralink the Nefarious was pretty unique with this one, selling flamethrowers to almost anybody is something not many super villains have thought of, perhaps making him more villainous than the most evil of super villains.
These two companies of his are prime examples of technological disjunction being forgotten. Through vigilant marketing, economic class, and a wide influence, Elon Musk and his reputation have survived, even thrived, where others would have found themselves in the proverbial doghouse. Of course there will always be articles about how what he is doing is wrong, but they haven’t been impactful enough to keep Musk from continuing his work. He has accomplished so much that it has become hard to stop his Neuralink the Nefarious side—if it exists.
Conclusion
Whether we are in the Tesla-Titan or the Neuralink-the-Nefarious timeline, Elon Musk has made major strides in whatever line of work he steps into. His companies have accomplished more in under twenty years than many have accomplished in over 100. There are so many more examples from his life to support both sides of this argument, but I ultimately align myself with the Tesla Titan, not only because he’s the good guy but because there is more evidence for Elon being “good” rather than “bad.” I appreciate his thoughts on renewable energy and his efforts to save the planet from climate change. While I was writing this, my dad sent me an article about the announcement of ZETA, a group of electric vehicle manufacturers, including Tesla, arguing for no more sales of fossil fuel-powered vehicles by 2030, moving our world closer to the electric vehicle paradigm.
To reiterate, Elon Musk is in a special place in the science world. He is highly intelligent and very well known, giving him the power to trigger paradigm shifts in pretty much every industry he touches, which so far has been for the positive. But if he continues to avoid Technological Disjunction, he could potentially turn toward evil, which could negatively impact all of humanity. It’s the job of the public to keep figures like Musk in check, to make sure they remain the Tesla Titans rather than become Nefarious Neuralinks.
Works Cited ~Brockman, Greg. “OpenAI API.” OpenAI , OpenAI, 28 Sept. 2020, openai.com/blog/openai-api/. ~CB Insights. “8 Industries Being Disrupted By Elon Musk And His Companies.” CB Insights Research , CB Insights, 21 Sept. 2020, www.cbinsights.com/research/report/elon-musk-companies-disruption/ ~Chandler, Simon. “Elon Musk Is 'Distracting Us' From Real Tech Issues, AI Figures Warn.” Forbes, Forbes Magazine, 19 May 2020, www.forbes.com/sites/simonchandler/2020/05/18/elon-musk-is-damaging-te ch-and-the-tech-industry/?sh=6206e5e19b8d. ~“Elon Musk.” Tesla, Inc , www.tesla.com/elon-musk. ~Evannex. “A Transportation Paradigm Shift Is Coming Thanks To Tesla's Elon Musk.” InsideEVs , InsideEVs, 22 Feb. 2020, insideevs.com/news/400142/tesla-elon-musk-transportation-paradigm-shift ~Fandome Contributors. “Iron Man Armor Model 52.” Marvel Database , marvel.fandom.com/wiki/Iron_Man_Armor_Model_52. ~Fandome Contributors. “Norman Osborn (Earth-616).” Marvel Database , marvel.fandom.com/wiki/Norman_Osborn_(Earth-616). ~Fandome Contributors. “S.H.I.E.L.D. Helicarrier.” Marvel Database , marvel.fandom.com/wiki/S.H.I.E.L.D._Helicarrier. ~Fandome Contributors. “Stark Industries Aerospace Division/Appearances.” Marvel Database , marvel.fandom.com/wiki/Category:Stark_Industries_Aerospace_Division/Ap pearances. ~Gibbs, Samuel. “Elon Musk Sells All 20,000 Boring Company 'Flamethrowers'.” The Guardian , Guardian News and Media, 1 Feb. 2018, www.theguardian.com/technology/2018/feb/01/elon-musk-sells-out-boring-c ompany-flamethrowers-fire. ~Gregersen, Erik. “Elon Musk.” Encyclopædia Britannica , Encyclopædia Britannica Inc., 27 Aug. 2020, www.britannica.com/biography/Elon-Musk. ~Hern, Alex. “Elon Musk: the Real-Life Iron Man.” The Guardian , Guardian News and Media, 9 Feb. 2018, www.theguardian.com/technology/2018/feb/09/elon-musk-the-real-life-iron- man. ~Klebnikov, Sergei. “Tesla Is Now The World's Most Valuable Car Company With A $208 Billion Valuation.” Forbes , Forbes Magazine, 1 July 2020, www.forbes.com/sites/sergeiklebnikov/2020/07/01/tesla-is-now-the-worlds- most-valuable-car-company-with-a-valuation-of-208-billion/?sh=6d99944f5334 ~Neuralink , neuralink.com/. ~“Not A Flamethrower.” The Boring Company, www.boringcompany.com/not-a-flamethrower. xxx Peterson, Andrea. Even Elon Musk Knows He's a Good Supervillain Candidate . 25 Apr. 2019, www.washingtonpost.com/news/the-switch/wp/2015/04/17/even-elon-musk- knows-hes-a-good-supervillain-candidate/. ~“Tesla, Inc. (TSLA) Valuation Measures & Financial Statistics.” Yahoo! Finance , Yahoo!, 18 Nov. 2020, finance.yahoo.com/quote/tsla/key-statistics/?guccounter=1. ~Vaughn, Matthew, et al. Kingsman: the Secret Service . 20th Century Fox, 2015. ~Wall, Mike. “Wow! SpaceX Lands Orbital Rocket Successfully in Historic First.” Space.com , Space, 22 Dec. 2015, www.space.com/31420-spacex-rocket-landing-success.html. ∎
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This will be the end of Ford, Chevrolet, BMW and many more…
Tesla is putting the nail in the coffin for these old-world combustion engine car companies.
It’s taking market share and disrupting the multitrillion-dollar old-world car industry.
And that’s not all…
Disruption is happening across the board — paving the way for America 2.0:
Pot is putting an end to the old vice economy, and this election year could push the market through the roof. (2:45 – 5:45)
Bitcoin is the new digital gold, and demand is soaring. (5:46 – 7:21)
Millennials revived a dying industry that’s now creating an opportunity for generational wealth. (7:23 – 9:00)
Watch today’s Iancast for the two best investments you can make now before these disruptions soar to unbelievable new highs.
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2019: The Year of the Model 3
2019 numbers just came out for electric vehicle (EV) sales and, of course, the Model 3 was at the top of the list. I’ve talked about this a few times.
The Model 3 outsold the number two highest-selling car. I don’t remember which car that was, but the Model 3 outsold it by almost triple the number of sales. That’s pretty incredible to see that kind of dominance by Tesla just two years into Model 3 production. So it’s a huge year for them.
The Model 3 also outsold every other EV company by 80,000 cars. It was a Chinese company that was the second-best-selling company in the world. And just the Model 3 alone outsold it by 80,000 cars last year. That’s pretty incredible.
They have two more cars coming out that they are going to mass produce just like the Model 3. The Model 3 was the first car they produced on this scale. Now they have additional gigafactories all over the world. They have one in China, they have two in America, they are building one in Germany and the rumor is they are going to build another one here in America.
There’s a huge future ahead for them. They have the Model S and Model X, which they never made on the same scale as the Model 3. The Model Y they are going to mass produce and they are already producing those. Sales of those will start soon and give them an extra boost.
Then next year they have the Cybertruck, which they are planning to start mass producing late next year or early 2022. That will be another big boost. The future is very bright for Tesla. With those 2019 numbers we also saw the decline of the traditional combustion engine vehicle. Since 2017, the sales of those traditional cars have gone down 6.5%.
Meanwhile, the sales of electric vehicles have gone up almost 70% — in just two years. So they are taking market share. 6.5% doesn’t sound like a lot, but that’s equivalent to about four million cars. The combustion engine industry is slowly dying and we’re going to see it die out faster and faster as electric cars continue to disrupt it.
That is being spearheaded by Tesla. The Model 3 is a breakthrough car that’s disrupting this multi-trillion-dollar internal combustion engine old war car industry.
Medical Marijuana Users are Growing in the U.S.
Moving on to pot. Something interesting I saw was that Illinois is now seeing a big increase in applications for medical marijuana licenses since they legalized it recreationally. That was a huge boom. They got $11 million in sales in just the first five days, which is huge.
That’s more than Canada makes in a week and Illinois only has a third of the people Canada has. That’s a big market. They are now seeing an uptick in medical marijuana users. That could have a big effect as more states continue to legalize it recreationally.
We also see big sales numbers coming in from 2019. Oregon had a 22% increase in 2019 and Nevada was over 20%. Pennsylvania over the past two years has made more than $500 million in marijuana sales and they are only legalized medically. There’s still some regulatory issues there, so they have way higher to grow.
Pennsylvania has actually reported shortages of marijuana, as has Illinois. Of course with the big boom the first week of the year, a lot of shops had to close down. We’re seeing more and more shortage news come out across the United States. This is great from an investment perspective because that shows that a lot of people have this demand for marijuana products.
Not only that, but more states are seeing the huge tax revenue coming in. Nevada made more than $250 million just from January to October last year. Oklahoma, where it’s only legalized medically, made more than $50 million last year just in taxes alone. There’s a huge opportunity here.
We’re going to see a lot of states vote this year during the election for legalizing on some level, whether it’s medical, recreational or both. That could have a big effect on the marijuana market. That’s a big catalyst we’re looking at for this year.
1 Stock to Profit from Marijuana Growth
I’ve said before, and I’ll say it again, I think that ETFMG Alternative Harvest ETF (NYSE: MJ) is going to go up 100% this year. Possibly more. We are already starting to see the beginning signs of rallies across the board in pot stocks. The United States is the hub of marijuana already and only 11 states have legalized it recreationally.
We believe that’s going to go way up at the end of this year when more states vote to legalize it. We’re seeing increased sentiment. I think it was 80% for millennials at last look. Also, the states benefit from that tax revenue. It’s a win-win situation.
We think it’s going to be a great year for pot stocks. Again, MJ is the one to buy. I think it’s going to at least double this year.
Demand for Bitcoin Remains Strong Despite Negative Headlines
If you look at headlines from major news corporations, they are always negative. They always say Bitcoin is a scam and has no intrinsic value. But the demand shows otherwise.
As you can see from this chart, people are holding Bitcoin through thick and thin, through every crash and through every dip. The amount of addresses that own one or more Bitcoin continues to grow higher and higher. It’s right near its all-time high right now. It’s about 40,000 higher.
So 40,000 addresses or more own a Bitcoin since that big peak that we saw at the end of June when it hit $14,000 per coin. It’s down to a little bit more than $8000 now. We’re still seeing more and more people stockpiling. These are the people we want to see stockpiling because they’re willing to pay up.
The addresses that have 10 or more Bitcoins also have been going up. They are also at record highs. It’s really encouraging that big buyers are buying and holding. That’s what we want to see because it creates less of a supply, which creates a supply and demand imbalance.
When you have high demand and low supply, that means the price goes up. That’s what we’re recommending. We want to buy Bitcoin and hold on. Our forecast is that it’s going to hit $50,000 per coin this year. We have The Halving coming up this year. Of course that’s going to cut supply too. All in all, a great outlook for Bitcoin.
Profit from the Millennial Housing Demand
Finally, I want to go over homebuilding. Like I said last week, 37% of the houses bought last year were bought by millennials. Gen Z is starting to move out of college and are buying homes. They are less likely to rent than millennials. They didn’t have the financial crash to deal with as they were getting into college or graduating from college.
They have a much better environment to buy homes. We’re seeing across the board that homebuilding companies are saying there is currently a huge shortage of houses in the United States. After the real estate crash, everyone wanted to sell their house, get out. It scared the homebuilders.
They didn’t want to build any extra supply because there already wasn’t demand to buy the current supply. They stopped building for years and years. They are finally just starting to build again. That’s going to create another supply-demand imbalance. The supply of houses is so low and there’s such huge demand from millennials and Gen Z.
It’s going to drive the real estate market for probably an entire generation. We have decades of growth ahead for homebuilding stocks. The investment I would recommend to make is iShares U.S. Home Construction (BATS: ITB). It’s an ETF with all kinds of homebuilding stocks in it. I think it’s going to have a great year as well.
We’re seeing the leading homebuilding stocks make all-time highs, even higher prices than before the big real estate crash. That shows the market sentiment now on homebuilding stocks and on this industry in general. It’s going to have a great year this year and years to come. Again, ITB is another one we would recommend to buy.
That’s all I have for this week. Everybody, have a great Friday and enjoy your weekend. I will see you next week.
Regards,
Ian Dyer
Editor, Rebound Profit Trader
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$150 Billion Cryptocurrency Boom Is Here – Buy This ETF to Profit
$150 Billion Cryptocurrency Boom Is Here – Buy This ETF to Profit:
Story Highlights:
Bitcoin is on track to hit $50,000 as early as next year.
This exchange-traded fund is your best opportunity to buy into the cryptocurrency mega trend that is already trading 27% above the price of bitcoin.
Tesla’s new “Cybertruck” is giving the Ford F-150 pickup a run for its money.
How high will pot stocks rise, now that they’ve hit bottom?
Gold. Silver. Coins. Paper dollars.
If you could line your pockets with any of these valuables, which would be the best choice?
The surprising answer: None of the above.
In fact, blockchain-based cryptocurrencies are becoming the new-world digital money — with bitcoin on track to hit $50,000 to $100,000 by the end of next year.
In today’s Bold Profits video, Paul Mampilly joins me to explain why. And to tell you about the best way you can start investing in this mega trend today before bitcoin surges higher in 2020.
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Click Here to View Full Transcript
Bold Profits Daily November 29, 2019
Paul Mampilly: It’s Paul on the Iancast again. I’m hijacking this permanently.
Ian Dyer: Fine with me. We have good discussions.
Paul: With Market Talk I’m always trying to keep it tight down to three to five minutes. I have a lot of competition between Hudson and Amber. On this one, we’re going to do it long. How about that? Ian: Sounds good.
Paul: Let’s start with dramatic news. You and I never sleep. I know you were up watching Bitcoin hit $6,500.
Ian: The whole time, yes. It bounced. The Bakkt futures we talked about last week, the expiration date came into play there. Bitcoin fell to below $7,000, then it bounced and went a little lower.
Again, around these expiration dates in the futures, all these new Bitcoins are being sent out from the actual futures company to all the investors. It creates an immediate supply that can have an effect on price.
Paul: Long term, I don’t know anybody who would ever want to be short those futures. You’d have to deliver something of a fixed quantity. I remember seeing analysis that something like 30-40% of Bitcoin are being HODLed. Hold on for dear life, that’s what HODL means.
The crypto world has its own language. We have HODL. We have FUD.
Ian: That’s fear, uncertainty and doubt, right?
Paul: Time to lambo for time to move. So 40% of all Bitcoin approximately is being HODLed. I read analysis on The Block, which is a website where they do crypto analysis, that hedge funds are short Bitcoin. This sounds crazy to me.
Ian: Me too. There’s a lot of questions around it. When you look at all these hedge fund managers that are into traditional investments like 60% stock and 40% bonds. Bitcoin doesn’t fit anywhere in there and they don’t know what to do with it. They don’t’ think it will ever overtake gold as a safe haven asset.
There’s a lot of naysayers out there still which is surprising considering it’s survived for 10 years now — almost 11 — and it started out as a fraction of a penny and has grown into a $150 billion asset class all on its own with no promotion other than word of mouth. It’s amazing what it has done so far. It’s an alternative currency.
Paul: Exactly. Both Ian and I are on the record of seeing Bitcoin at much higher numbers. Ian has a $50,000 by end of 2020. Is that right?
Ian: Yes, $50,000 next year and somewhere around $100,000 in 2021.
Paul: I think that’s conservative. I think we might hit $100,000 maybe even by the end of 2020. Here’s why. To me, Bitcoin is the first exponential asset. It runs off a digital mechanism rather than a lineal mechanism which is the stock market, the bond market. In other words, it requires human intervention.
If you think about gold, you have to go dig it out of the ground. There’s a whole process. Bitcoin is completely digital. There’s no physical element to it. It can exponentially grow and it’s already done that. This is why it has so much skepticism because there’s never been an exponential asset in history — this is asset number one. It’s going to be the most valuable.
Ian: There’s never been something like these halving events in any asset before. When the supply is limited by this much on one specific day, that day has a lot of say in the future of Bitcoin. We’ve seen that because after the past few halving events, there’s a gigantic rally by thousands of percent after the supply is cut.
Paul: I went back and modeled the Litecoin halving event to Bitcoin. For sure, it’s setting up to be a minimum of $25,000 to $30,000 the way it models. Most of the people who believe in Bitcoin largely never bat an eye at the volatility. It’s the disbelievers who come to really give us a lot of grief about it.
Ian and I believe in Bitcoin. We think Bitcoin is going to the moon. Everyone can make their own judgment. There is that one indicator that we both track. We should tell people about it.
Ian: A company called Grayscale has their own Bitcoin trust. They own a lot of Bitcoin and sell it as a fraction on the stock market. You can buy shares of the trust backed by Bitcoin. It’s a way of buying Bitcoin on the stock market, which is really interesting and not a lot of people know it exists.
We’ve seen all these headlines and rumors of a Bitcoin ETF, but there already is one and it doesn’t get that much press. It gives us a good indicator because when there’s a lot of bullish or bearish sentiment on Bitcoin you will see the premium of this ETF start to go up or down. Right now it’s trading about 27% above the price of Bitcoin.
The stock market is giving Bitcoin a premium even though it fell 50% in just a few months. That’s a really bullish indicator to me. It’s been as low as 10% and then it bounced from there. Now, like I said, it’s up almost 30% and people are paying a lot more for Bitcoin in the stock market because as of right now more people have stock accounts than crypto accounts.
Paul: It’s a pain to get a crypto account. I have a coin-based account and you probably have one as well, but most people don’t want to deal with that. I can tell you from tracking the Grayscale Bitcoin Trust, at the peak in 2017 the premium was something like 130-140%. Ian: It was more than double.
Paul: At the low about this time last year I believe the premium was something like 3-4%. Right now it’s nowhere near as pessimistic as it was back then so there’s no reason to expect the premium to be as low. I don’t believe it has traded at a discount any time recently.
All signs point to Bitcoin going higher sooner rather than later. I feel like we can leave that one right there and move to the next one. I think we should name the Iancast, “Tesla, Bitcoin and Pot.” Ian: That’s what we talk about. It’s the fastest growing things out there.
Paul: It’s also what most millennials like to trade and are invested in. When I did a Tesla, Bitcoin and pot video for my Tuesday Bold Profits, I got 30 comments. I don’t think I’ve ever received 30 comments on anything before. That’s where people are at.
So let’s deal with Tesla. Cybertruck.
Ian: Yea. Cybertruck. Just to start off, Tesla has never had an advertisement before. They’ve never spent on marketing. It’s crazy the publicity this stuff is getting. Literally everybody was talking about the Cybertruck over the weekend. We both pre-ordered one.
I personally love it. I know a lot of people are really skeptical of the design. I think it’s going to grow on people. It’s a steel truck that’s supposedly bulletproof, although the window did break during the promo.
If you throw a steel ball at any other car window it’s going to go right through the car window. Bulletproof glass breaks. It doesn’t shatter but it breaks like that.
Paul: I follow Elon’s tweets. It turns out, when they hit the sledgehammer against the Cybertruck it cracked the window. That’s why when they threw the ball, it shattered the window. Elon said what they should have done is first throw the ball and then hit the Cybertruck with a sledgehammer.
Then the demo would have worked out fine. But, you know, that’s how it is in life. I think they got $100 million worth of free publicity as a result of the windows breaking because everybody felt like they had to show it.
Ian: Yes. And they have more than 200,000 orders already in the first few days for this truck. Paul: I feel like the truck makers depend on trucks and SUVs. Between the Model Y coming out and now with this, it’s really time. Those companies are going to struggle. Maybe some of the others will end up being a competitor, but for now there’s no competition of any kind for Tesla.
Ian: It even blows the gas-powered pickup trucks out of the water. I drive a pretty good truck and the Tesla can tow more, carry more, has a bigger truck bed and it faster. It’s a super powerful truck. I’ve heard a lot of people say it doesn’t appeal to the kind of market that drives pickup trucks.
They want more power. What doesn’t appeal? I guess the design? I think it will grow on people and I don’t see it as a reason not to buy it.
Paul: My reaction was pretty much what everyone else’s was. I didn’t stay up for the launch, but I woke up and looked at it and then I thought, “Whoa, that’s different.” Then about a minute later I thought, “I really like it.” Then five minutes later I thought, “I need to order one.”
Ian: Same here. I woke up and saw it and thought, “That’s weird. That’s actually what it looks like?” But then it grew on me. It’s going to take time. It’s what everyone imagined future cars would look like 20 years ago and now it’s finally here. I think it’s going to grow on people. It’s kind of iconic.
Paul: I’m watching the reaction on Twitter and people are having a slightly slower version of what we went through. It came out and now they think it’s kind of cool. I think this might be as fast selling as the Model 3. People say it’s only a $100 deposit and it doesn’t mean anything. But 200,000 is a lot of people.
Ian: Even if 90% of them cancel that’s more than $1 billion they’re getting from this already. Paul: You looked this up before we got on. What’s the short position in Tesla?
Ian: It’s down. It was just 25% a few weeks ago. It’s down to 16% now.
Paul: I have to tell you, in my entire 25 years of being on Wall Street I have never known a company as large as Tesla carry such a large short position. This is insane.
Ian: They’re different. Different doesn’t appeal on Wall Street. Everyone wants to think the same way, be safe, not get fired for liking some company that everyone else hates.
Paul: They talk about Tesla stock owners and car owners being a cult, but the people who hate Tesla are also a cult.
Ian: Pretty much. They do have a lot of haters — millions.
Paul: They do. I always keep my Sentry Mode on when I drive my car because I don’t want to run across someone who wants to do something to my car. We like Tesla at Bold Profits. You can also see we had a Tesla at our last franchise meeting and it was a super big hit. Amber gunned it and she loved it. We’re trying to persuade everyone to get one.
We’ve done Bitcoin, we’ve done Tesla, what about pot? I was on last week and the stocks all sold off. Then, boom.
Ian: They’re back. It’s going to be a ride, for sure. That’s how bottoms are. It goes up and down fast. Some of these stocks in the pot sector doubled from their bottom and went up 100% in a couple days. You don’t see that when there’s not some big buyer looming in the background.
There’s going to be buying in these stocks. They are bottoming out right now and they’re going to come back up. It’s going to be great. The market is so bearish on these stocks right now because they’ve gone down so much for months. It’s the classic selloff we’ve seen where the end is the worst part. It’s like that with anything in the stock market.
Paul: This is so true, Ian. You are absolutely right. Most people — I’m included in this, I’ve never had perfect timing — start buying probably a month too early. Then they underestimate how much that last drop is going to be. That’s where they get shaken out and they sell.
It’s also where they get emotionally blown out. They are not going to come back. Then they end up missing it.
Ian: They are the ones who push it up at the end toward the bubble phase.
Paul: That’s right. Then they come at the end and signal the very top. I’m going to guess just by the sharpness of the move in the ETF MJ, Canopy, Cronos and Aurora, that there’s a combination of short covering as well as actual long buying going on.
Ian: Yes. Some of these went up 100% in a couple days and a lot of them went up at least 40% in the first initial bounce.
Paul: In my experience, when you have the sharp, off-the-bottom jump of 40-50% it means there’s actually a big buyer. A strong hands buyer that is going to own and is signaling they are going to buy more. This is why market makers keep lifting the price up to find sellers who are willing to sell.
In my experience that’s a good sign. We’re bullish on pot and we have it across a ton of our services. Did you end up putting on that trade for the pot company?
Ian: We did. In Rebound Profit Trader we have a pot trade. We’re probably going to do another one very soon. We’re bullish on that. In Rebound Profit Trader the goal is to get stocks at the bottom and buy call options on them, which go up faster than the stock. You can make hundreds of percent in just a few days by doing that if you time it right.
Here at the bottom of the pot crash we think it’s a really good time to buy calls on these beaten down pot companies.
Paul: We were chatting before on Slack and you said we had eight 60% winners in Rebound Profit Trader? I forget the numbers.
Ian: We’ve had 10 winners in the past month.
Paul: 40%, 60%, something in that range?
Ian: Yes, a lot of them are more than 40%. Biotech has been very strong. We just closed our fourth biotech gain of more than 50% — all four have come within the past week. It’s been a good run. Biotech is looking like a good place to be too.
In our other options service — Rapid Profit Trader — we just closed a biotech gain of about 45%. We only held it for three days. You can make money really fast when you’re in the right place in the market.
Paul: They say biotech is the poor man’s lottery. It’s been true. I have traded a ton of biotech in my life because you can have incredible, fast gains. You put options on top of that and we’re talking about a 12-engine rocket that can zoom up instantly. 45% in three days is just wow.
If you’re interested in any of Ian’s services, he runs two phenomenal options services: Rebound Profit Trader and Rapid Profit Trader. They have slightly different strategies but they have a common goal to make you money really fast. Check into the description below.
A little market update. What are we seeing?
Ian: We’re recording this Monday. Today the market is making all-time highs. I saw the ETF we track for biotech — XBI — is up 4% today. Biotech is still moving higher. S&P 500 is making all-time highs. The Russell 2000, which is the small- and mid-cap stocks is breaking out. It’s at a 52-week high as well.
It’s looking really good right now. It’s looking really good to close the year out.
Paul: Remember, the way we look at the world 52-week highs are important because it shows confidence, it shows people are pushing money in and they’re willing to pay higher prices for it.
If you like the content you are seeing here on the Iancast, subscribe to the channel, give this video a thumbs up, share it with your friends and comment below on what you’ve been experiencing during this bull market. You can also follow me on Twitter @MampillyGuru.
What’s your Twitter, Ian?
Ian: It’s @IanDyerGuru. Give me a follow.
Paul: That’s what we have for this Iancast for today. Ian, we’ll have another one next week. Ian: Yeah. See everyone next week. Have a great weekend and hope you had a good Thanksgiving. Paul: Same here. This is Paul saying bye.
Regards,
Ian Dyer
Editor, Rapid Profit Trader
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Tesla Cybertruck Took in $20M Over the Weekend. How’d the Windows Scammers Do?
PT Barnum never had a better day. Nor the callers who can hardly pronounce Windows and say you have malware on your PC. Elon Musk Sunday night tweeted he’s lured in deposits on 200,000 Tesla Cybertrucks … that may or may not ship a year from now. That’s 200K deposits, $20 million in just three days. If it does ship on time, that, too, would be some kind of Tesla record.
But then it’s not every day you can put down $100 — “fully refundable” — on a car with unbreakable windows that the designer tosses a ball at, and it shatters. Twice. And you don’t know — pardon us for being skeptics — what colors it comes in, in case you or your partner care about that. Two hundred thousand is almost as many points as San Francisco put up on visiting Green Bay on Sunday Night Football around when the Elon tweet came rolling in:
200k
— Elon Musk (@elonmusk) November 25, 2019
Saturday afternoon, a day and a half after the launch, Tesla had almost hit 150,000 reservations.
146k Cybertruck orders so far, with 42% choosing dual, 41% tri & 17% single motor
— Elon Musk (@elonmusk) November 23, 2019
The Rules of Making a Deposit0
If you want to order a Cybertruck, you have to choose the performance/price level, and whether to get the IOU for self-driving, which may or may not work when your car ships. Translation: The sensors and cameras will all be there but maybe not the software. That comes as an over-the-air update. The prices are:
Single motor, rear drive, $39,900 (chosen by 17 percent of early customers)
Dual motor, all-wheel-drive, $49,900 (42 percent)
Tri motor, all-wheel-drive, $69,900 (41 percent, and it won’t ship until 2022)
Tesla adds this footnote about the pre-order:
Due today, $100. Fully refundable. You will be able to complete your configuration as production nears in late 2021. Tri Motor AWD production is expected to begin in late 2022.
By placing this order you agree to allow Tesla to save your credit card to pay for future services as described in the payment terms.
By clicking “Place Order” I agree to the Cybertruck Pre-Order Agreement, Supercharger Fair Use Policy, the Customer Privacy Agreement, and consent to be contacted at the number provided with more information or offers about Tesla products. I understand these calls or texts may use automated dialing or pre-recorded messages. I understand my consent to be contacted is not a condition of purchase.
The fine print does confirm you can cancel at almost any time before taking delivery.
At this point, Tesla does not give buyers much idea what kind of options are available, or things like, “Will it come in colors – can stainless steel be painted?” Answer (ours, not Tesla’s): Yes, stainless steel can be if the surface is scuffed/sanded/sandblasted and/or chemically cleaned with a degreaser, and if you use a high-quality primer. We wonder: Will any paint color be an upcharge?
Nor is there much information on when self-driving will be available, or what level it will be at, 2, 3, 4 or 5, and if Tesla’s description matches one of the SAE recognized levels. L2 is what some cars have now: basically lane-centering plus adaptive cruise control plus keep your hands on the wheel. L3 is essentially hands-off driving on limited-access roads, but you need to keep your hands on the wheel in case you need to take over like, right now. Stuff like this really confuses people who think self-driving means self-driving. L4 is hands-off, pay no attention driving … on limited-access roads, and L5 is hands-off self-driving anywhere.
When Tesla unveiled the affordable $35,000 (at one time) Tesla Model 3, the deposit was $1,000, refundable, and Tesla eventually had about 400,000 deposits. More buyers wanted the $35,000 base version than Tesla wanted to sell. (The base version is now $39,490, or what Tesla likes to call “$33,315 … after potential savings.”) Later reports said as many as a quarter of intenders dropped out of the waiting line. Tesla also at one point made the deposit non-refundable. Now deposits on all cars are down to $100, but non-refundable on cars that are actually shipping.
Tesla doesn’t cite tax savings with the Cybertruck because it will ship nearly a year after Tesla’s federal tax credit expires. Once $7,500, it’s now down to $1,875 and falls to zero on Jan. 1, 2020. Tesla was the first automaker to sell 200,000 EVs and now it’s the first with (in five weeks) no tax credits.
A Tesla rendering of a Cybertruck with a camping rig. Critics of the Pontiac Aztek said its camper module was the one thing that made the back end attractive.
No, Really, What Else Does Cybertruck Look Like?
Meanwhile, Cybertruck has been a godsend for comics, meme-posters, and others who say “the Cybertruck looks exactly like ____.” The Pontiac Aztek came up a few times.
For starters, it bears a strong resemblance to the F-117 Nighthawk Stealth Fighter. (Stealth doesn’t apply when you’re flying a couple of hundred yards in front of it during the daytime.)
US Air Force F-117A Nighthawk Stealth Fighter.
Cybertruck’s strong body lines with severe changes of direction might also conjure up the Lamborghini Countach, the epitome of Italian wedge design from the era when boomers were reconsidering their platform shoes and Qiana fiber bell bottoms. A 1985 model cost about $100,000, or about $240,000 now. Where Tesla rang up 200K orders in three days, Lamborghini sold 2,000 from 1974 to 1990.
Lamborghini Countach.
Auto and business writers turned movie critics for a day, such as Faiz Siddiqui of the Washington Post:
The design elicited a mixture of awe and scorn, and very little in between. To one faction, it looked as if it had been designed on Microsoft Paint or an old-school video game. To another, it was a revelation, a raw demonstration of the utilitarian needs of a sustainable future.
Paul Eisenstein of The Detroit Bureau wrote in Tesla’s New Cybertruck Makes the Long-Derided Pontiac Aztek Look Good in Comparison:
But what can one say about the Tesla Cybertruck…That it may be the single worst automotive design since the Pontiac Aztek? [See, nobody likes Aztek. – Ed] That it looks like something out of a bad 1980s sci-fi movie?…That it could have been the ‘Homer-mobile,’ the horribly wrong design sketched out by patriarch Homer in the long-running TV series, the Simpsons?
Lauren Fix, the Car Coach, posted a YouTube video and said:
Elon Musk is a disrupter, this is not disruption. This is a joke on purpose. Is it Cybertruck or Cyber Truck? Does it matter? Musk needed to do something to get the press talking about him and everyone fell for it. He’s a snake oil salesman and this is a gigaflop! The results of blending a Pontiac Atzek, El Camino and a Delorean. This is hideous. The final version will never look like this, listen to why there are some serious issues.
The Lauren Fix Cybertruck video:
youtube
Apropos of Franz the Destroyer (Franz von Holzhausen, Tesla head of design), there’s the TV reporter who walks up to a car with a hammer and warns, “All it takes is a matter of seconds for someone [thief] to get into your car. All he needs is a hammer, an empty parking lot and [hammer glances off window, nothing breaks].”
youtube
Tesla fanboys have shown their loyalty and critics their lack of same:
They tried that line of thought with the Aztek. pic.twitter.com/p2Ow6jJgMA
— Ott (@Ottstorage) November 22, 2019
Now read:
Tesla Unveils the Stoner Truck. Sorry, Cybertruck. It’s as Big as an F-150.
Best Cars of the 2019 LA Auto Show
Ford Took Over Tesla’s Electric Avenue for Mustang Mach-E Introduction
from ExtremeTechExtremeTech https://www.extremetech.com/extreme/302595-tesla-cybertruck-took-in-20m-over-the-weekend from Blogger http://componentplanet.blogspot.com/2019/11/tesla-cybertruck-took-in-20m-over.html
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Story Highlights:
Bitcoin is on track to hit $50,000 as early as next year.
This exchange-traded fund is your best opportunity to buy into the cryptocurrency mega trend that is already trading 27% above the price of bitcoin.
Tesla’s new “Cybertruck” is giving the Ford F-150 pickup a run for its money.
How high will pot stocks rise, now that they’ve hit bottom?
Gold. Silver. Coins. Paper dollars.
If you could line your pockets with any of these valuables, which would be the best choice?
The surprising answer: None of the above.
In fact, blockchain-based cryptocurrencies are becoming the new-world digital money — with bitcoin on track to hit $50,000 to $100,000 by the end of next year.
In today’s Bold Profits video, Paul Mampilly joins me to explain why. And to tell you about the best way you can start investing in this mega trend today before bitcoin surges higher in 2020.
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Click Here to View Full Transcript
Bold Profits Daily November 29, 2019
Paul Mampilly: It’s Paul on the Iancast again. I’m hijacking this permanently.
Ian Dyer: Fine with me. We have good discussions.
Paul: With Market Talk I’m always trying to keep it tight down to three to five minutes. I have a lot of competition between Hudson and Amber. On this one, we’re going to do it long. How about that? Ian: Sounds good.
Paul: Let’s start with dramatic news. You and I never sleep. I know you were up watching Bitcoin hit $6,500.
Ian: The whole time, yes. It bounced. The Bakkt futures we talked about last week, the expiration date came into play there. Bitcoin fell to below $7,000, then it bounced and went a little lower.
Again, around these expiration dates in the futures, all these new Bitcoins are being sent out from the actual futures company to all the investors. It creates an immediate supply that can have an effect on price.
Paul: Long term, I don’t know anybody who would ever want to be short those futures. You’d have to deliver something of a fixed quantity. I remember seeing analysis that something like 30-40% of Bitcoin are being HODLed. Hold on for dear life, that’s what HODL means.
The crypto world has its own language. We have HODL. We have FUD.
Ian: That’s fear, uncertainty and doubt, right?
Paul: Time to lambo for time to move. So 40% of all Bitcoin approximately is being HODLed. I read analysis on The Block, which is a website where they do crypto analysis, that hedge funds are short Bitcoin. This sounds crazy to me.
Ian: Me too. There’s a lot of questions around it. When you look at all these hedge fund managers that are into traditional investments like 60% stock and 40% bonds. Bitcoin doesn’t fit anywhere in there and they don’t know what to do with it. They don’t’ think it will ever overtake gold as a safe haven asset.
There’s a lot of naysayers out there still which is surprising considering it’s survived for 10 years now — almost 11 — and it started out as a fraction of a penny and has grown into a $150 billion asset class all on its own with no promotion other than word of mouth. It’s amazing what it has done so far. It’s an alternative currency.
Paul: Exactly. Both Ian and I are on the record of seeing Bitcoin at much higher numbers. Ian has a $50,000 by end of 2020. Is that right?
Ian: Yes, $50,000 next year and somewhere around $100,000 in 2021.
Paul: I think that’s conservative. I think we might hit $100,000 maybe even by the end of 2020. Here’s why. To me, Bitcoin is the first exponential asset. It runs off a digital mechanism rather than a lineal mechanism which is the stock market, the bond market. In other words, it requires human intervention.
If you think about gold, you have to go dig it out of the ground. There’s a whole process. Bitcoin is completely digital. There’s no physical element to it. It can exponentially grow and it’s already done that. This is why it has so much skepticism because there’s never been an exponential asset in history — this is asset number one. It’s going to be the most valuable.
Ian: There’s never been something like these halving events in any asset before. When the supply is limited by this much on one specific day, that day has a lot of say in the future of Bitcoin. We’ve seen that because after the past few halving events, there’s a gigantic rally by thousands of percent after the supply is cut.
Paul: I went back and modeled the Litecoin halving event to Bitcoin. For sure, it’s setting up to be a minimum of $25,000 to $30,000 the way it models. Most of the people who believe in Bitcoin largely never bat an eye at the volatility. It’s the disbelievers who come to really give us a lot of grief about it.
Ian and I believe in Bitcoin. We think Bitcoin is going to the moon. Everyone can make their own judgment. There is that one indicator that we both track. We should tell people about it.
Ian: A company called Grayscale has their own Bitcoin trust. They own a lot of Bitcoin and sell it as a fraction on the stock market. You can buy shares of the trust backed by Bitcoin. It’s a way of buying Bitcoin on the stock market, which is really interesting and not a lot of people know it exists.
We’ve seen all these headlines and rumors of a Bitcoin ETF, but there already is one and it doesn’t get that much press. It gives us a good indicator because when there’s a lot of bullish or bearish sentiment on Bitcoin you will see the premium of this ETF start to go up or down. Right now it’s trading about 27% above the price of Bitcoin.
The stock market is giving Bitcoin a premium even though it fell 50% in just a few months. That’s a really bullish indicator to me. It’s been as low as 10% and then it bounced from there. Now, like I said, it’s up almost 30% and people are paying a lot more for Bitcoin in the stock market because as of right now more people have stock accounts than crypto accounts.
Paul: It’s a pain to get a crypto account. I have a coin-based account and you probably have one as well, but most people don’t want to deal with that. I can tell you from tracking the Grayscale Bitcoin Trust, at the peak in 2017 the premium was something like 130-140%. Ian: It was more than double.
Paul: At the low about this time last year I believe the premium was something like 3-4%. Right now it’s nowhere near as pessimistic as it was back then so there’s no reason to expect the premium to be as low. I don’t believe it has traded at a discount any time recently.
All signs point to Bitcoin going higher sooner rather than later. I feel like we can leave that one right there and move to the next one. I think we should name the Iancast, “Tesla, Bitcoin and Pot.” Ian: That’s what we talk about. It’s the fastest growing things out there.
Paul: It’s also what most millennials like to trade and are invested in. When I did a Tesla, Bitcoin and pot video for my Tuesday Bold Profits, I got 30 comments. I don’t think I’ve ever received 30 comments on anything before. That’s where people are at.
So let’s deal with Tesla. Cybertruck.
Ian: Yea. Cybertruck. Just to start off, Tesla has never had an advertisement before. They’ve never spent on marketing. It’s crazy the publicity this stuff is getting. Literally everybody was talking about the Cybertruck over the weekend. We both pre-ordered one.
I personally love it. I know a lot of people are really skeptical of the design. I think it’s going to grow on people. It’s a steel truck that’s supposedly bulletproof, although the window did break during the promo.
If you throw a steel ball at any other car window it’s going to go right through the car window. Bulletproof glass breaks. It doesn’t shatter but it breaks like that.
Paul: I follow Elon’s tweets. It turns out, when they hit the sledgehammer against the Cybertruck it cracked the window. That’s why when they threw the ball, it shattered the window. Elon said what they should have done is first throw the ball and then hit the Cybertruck with a sledgehammer.
Then the demo would have worked out fine. But, you know, that’s how it is in life. I think they got $100 million worth of free publicity as a result of the windows breaking because everybody felt like they had to show it.
Ian: Yes. And they have more than 200,000 orders already in the first few days for this truck. Paul: I feel like the truck makers depend on trucks and SUVs. Between the Model Y coming out and now with this, it’s really time. Those companies are going to struggle. Maybe some of the others will end up being a competitor, but for now there’s no competition of any kind for Tesla.
Ian: It even blows the gas-powered pickup trucks out of the water. I drive a pretty good truck and the Tesla can tow more, carry more, has a bigger truck bed and it faster. It’s a super powerful truck. I’ve heard a lot of people say it doesn’t appeal to the kind of market that drives pickup trucks.
They want more power. What doesn’t appeal? I guess the design? I think it will grow on people and I don’t see it as a reason not to buy it.
Paul: My reaction was pretty much what everyone else’s was. I didn’t stay up for the launch, but I woke up and looked at it and then I thought, “Whoa, that’s different.” Then about a minute later I thought, “I really like it.” Then five minutes later I thought, “I need to order one.”
Ian: Same here. I woke up and saw it and thought, “That’s weird. That’s actually what it looks like?” But then it grew on me. It’s going to take time. It’s what everyone imagined future cars would look like 20 years ago and now it’s finally here. I think it’s going to grow on people. It’s kind of iconic.
Paul: I’m watching the reaction on Twitter and people are having a slightly slower version of what we went through. It came out and now they think it’s kind of cool. I think this might be as fast selling as the Model 3. People say it’s only a $100 deposit and it doesn’t mean anything. But 200,000 is a lot of people.
Ian: Even if 90% of them cancel that’s more than $1 billion they’re getting from this already. Paul: You looked this up before we got on. What’s the short position in Tesla?
Ian: It’s down. It was just 25% a few weeks ago. It’s down to 16% now.
Paul: I have to tell you, in my entire 25 years of being on Wall Street I have never known a company as large as Tesla carry such a large short position. This is insane.
Ian: They’re different. Different doesn’t appeal on Wall Street. Everyone wants to think the same way, be safe, not get fired for liking some company that everyone else hates.
Paul: They talk about Tesla stock owners and car owners being a cult, but the people who hate Tesla are also a cult.
Ian: Pretty much. They do have a lot of haters — millions.
Paul: They do. I always keep my Sentry Mode on when I drive my car because I don’t want to run across someone who wants to do something to my car. We like Tesla at Bold Profits. You can also see we had a Tesla at our last franchise meeting and it was a super big hit. Amber gunned it and she loved it. We’re trying to persuade everyone to get one.
We’ve done Bitcoin, we’ve done Tesla, what about pot? I was on last week and the stocks all sold off. Then, boom.
Ian: They’re back. It’s going to be a ride, for sure. That’s how bottoms are. It goes up and down fast. Some of these stocks in the pot sector doubled from their bottom and went up 100% in a couple days. You don’t see that when there’s not some big buyer looming in the background.
There’s going to be buying in these stocks. They are bottoming out right now and they’re going to come back up. It’s going to be great. The market is so bearish on these stocks right now because they’ve gone down so much for months. It’s the classic selloff we’ve seen where the end is the worst part. It’s like that with anything in the stock market.
Paul: This is so true, Ian. You are absolutely right. Most people — I’m included in this, I’ve never had perfect timing — start buying probably a month too early. Then they underestimate how much that last drop is going to be. That’s where they get shaken out and they sell.
It’s also where they get emotionally blown out. They are not going to come back. Then they end up missing it.
Ian: They are the ones who push it up at the end toward the bubble phase.
Paul: That’s right. Then they come at the end and signal the very top. I’m going to guess just by the sharpness of the move in the ETF MJ, Canopy, Cronos and Aurora, that there’s a combination of short covering as well as actual long buying going on.
Ian: Yes. Some of these went up 100% in a couple days and a lot of them went up at least 40% in the first initial bounce.
Paul: In my experience, when you have the sharp, off-the-bottom jump of 40-50% it means there’s actually a big buyer. A strong hands buyer that is going to own and is signaling they are going to buy more. This is why market makers keep lifting the price up to find sellers who are willing to sell.
In my experience that’s a good sign. We’re bullish on pot and we have it across a ton of our services. Did you end up putting on that trade for the pot company?
Ian: We did. In Rebound Profit Trader we have a pot trade. We’re probably going to do another one very soon. We’re bullish on that. In Rebound Profit Trader the goal is to get stocks at the bottom and buy call options on them, which go up faster than the stock. You can make hundreds of percent in just a few days by doing that if you time it right.
Here at the bottom of the pot crash we think it’s a really good time to buy calls on these beaten down pot companies.
Paul: We were chatting before on Slack and you said we had eight 60% winners in Rebound Profit Trader? I forget the numbers.
Ian: We’ve had 10 winners in the past month.
Paul: 40%, 60%, something in that range?
Ian: Yes, a lot of them are more than 40%. Biotech has been very strong. We just closed our fourth biotech gain of more than 50% — all four have come within the past week. It’s been a good run. Biotech is looking like a good place to be too.
In our other options service — Rapid Profit Trader — we just closed a biotech gain of about 45%. We only held it for three days. You can make money really fast when you’re in the right place in the market.
Paul: They say biotech is the poor man’s lottery. It’s been true. I have traded a ton of biotech in my life because you can have incredible, fast gains. You put options on top of that and we’re talking about a 12-engine rocket that can zoom up instantly. 45% in three days is just wow.
If you’re interested in any of Ian’s services, he runs two phenomenal options services: Rebound Profit Trader and Rapid Profit Trader. They have slightly different strategies but they have a common goal to make you money really fast. Check into the description below.
A little market update. What are we seeing?
Ian: We’re recording this Monday. Today the market is making all-time highs. I saw the ETF we track for biotech — XBI — is up 4% today. Biotech is still moving higher. S&P 500 is making all-time highs. The Russell 2000, which is the small- and mid-cap stocks is breaking out. It’s at a 52-week high as well.
It’s looking really good right now. It’s looking really good to close the year out.
Paul: Remember, the way we look at the world 52-week highs are important because it shows confidence, it shows people are pushing money in and they’re willing to pay higher prices for it.
If you like the content you are seeing here on the Iancast, subscribe to the channel, give this video a thumbs up, share it with your friends and comment below on what you’ve been experiencing during this bull market. You can also follow me on Twitter @MampillyGuru.
What’s your Twitter, Ian?
Ian: It’s @IanDyerGuru. Give me a follow.
Paul: That’s what we have for this Iancast for today. Ian, we’ll have another one next week. Ian: Yeah. See everyone next week. Have a great weekend and hope you had a good Thanksgiving. Paul: Same here. This is Paul saying bye.
Regards,
Ian Dyer
Editor, Rapid Profit Trader
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Avoid Wall Street FOMO With These 2 Rules
Avoid Wall Street FOMO With These 2 Rules:
Do You Know Where Your Towel Is?
Thanksgiving is tomorrow. Is your stomach prepared?
I know you might be feeling a little bit queasy heading into the holiday break. The market is setting all-time highs. Optimism is growing on U.S.-China trade talks. However, we’re coming up on the one-year anniversary of the December 2018 sell-off.
Wall Street is torn between fear of missing out (FOMO) and heading for the bomb shelter.
That said, I have a few prefeasting antacids for you today … a little something to ease your mind heading into the Thanksgiving holiday weekend.
First, U.S. gross domestic product (GDP) — i.e., the U.S. economy — grew at a faster-than-expected 2.1% in the third quarter. Most economists had estimated GDP growth of just 1.9%.
Second, U.S. durable goods orders rebounded in October, rising 0.6% after dropping 1.4% in September. Durable goods orders measure demand for big-ticket manufactured goods, such as home appliances, cars, medical equipment and even sports gear. The only caveat here is that most of October’s demand came from military spending, not the private sector.
Third, U.S. jobless claims fell to 213,000 ahead of the holiday weekend. The drop put claims back near historic lows after hitting a five-month high last week.
So, despite all the doom and gloom in the financial media, the U.S. economy is still chugging along. It does, however, appear a bit short of breath … but that’s nothing a solid U.S.-China trade deal won’t fix.
The Takeaway:
We’re back to that age-old question once posed by the iconic English rock band, The Clash: “Should I stay, or should I go now?”
If you go, there could be trouble … at least where your portfolio returns are concerned. FOMO is a serious affliction affecting many investors right now. They’re worried about a correction, a failed U.S.-China trade deal, a slowing U.S. economy … the list goes on.
However, these same investors see the market continue higher every week. They see economic reports (such as today’s) that fail to confirm their bearish-leaning suspicions.
“What if … what if the market suddenly surges higher and I miss out on the upside?” they might be thinking.
FOMO has gotten so bad, investment bank Canaccord Genuity addressed the issue in a note to clients yesterday. “While anything can happen, our indicators simply favor not chasing the market higher on fear of missing out,” the research firm said in a note.
That’s some first-rate analysis there. “Anything can happen.” Of course it can.
On the other hand, if you stay, it could be double. As I’ve noted before, the market is due for a correction at some point. It has to happen. All-time highs aren’t sustainable, and once the selling begins in earnest — not the profit-taking declines we’ve seen in the past couple of months — things could get ugly.
At times like these, I like to turn to The Hitchhiker’s Guide to the Galaxy. There are two simple rules. First, don’t panic. Second, always know where your towel is.
The first rule is pretty self-explanatory, but quite hard to do in reality. It means don’t sell everything just because the market shows signs of a correction. It also means that you shouldn’t rush into the market for fear of missing out.
The second rule is a bit vaguer. A towel is a very useful thing. It can be clothing, a blanket, a rope, et cetera. Your “towel” in this case is your safety net. This is the portion of your portfolio that is invested in long-term growth and safe, income-driven investments. A good investment “towel” will see you through the worst the market has to offer.
If you follow these two rules, you can still invest in the market’s continued upside with confidence.
It just so happens that Banyan Hill has its own incarnation of these two key rules: The Bauman Letter.
Banyan Hill expert Ted Bauman has spent his entire life showing people how to secure and keep their wealth … and their freedom and independence.
I don’t know if you know this, but The Bauman Letter has three separate portfolios — each suited to a different investing style:
The Endless Income Portfolio for generating income.
The Base Hits Portfolio for investing in long-term gains from solid, financially stable companies.
The Home Run Portfolio for impressive shorter-term gains on opportunistic trades.
It’s got something for everyone. It is your towel.
Learn how to diversify your investing today — click here to find out how to sign up now for The Bauman Letter.
The Good: Step 1 — Open the Box
If you thought the cloud market was taking a breather, Box Inc. (NYSE: BOX) just put that myth to rest.
The cloud services firm just reported blowout third-quarter results and lifted its full-year forecast. For the quarter, Box said it lost a penny per share, up sharply from a loss of $0.06 per share last year.
Revenue rose 14% to $177.2 million year over year, with 10% growth in billings — i.e., subscriber revenue.
Box also lifted its full-year outlook to earnings of $0.04 to $0.05 per share on revenue of $181 million to $182 million.
While both Microsoft Corp.’s (Nasdaq: MSFT) Azure and Amazon.com Inc.’s (Nasdaq: AMZN) Web Services dominate the cloud headlines, it’s clear that there’s still room for considerable growth in the market. Investors shouldn’t underestimate Box’s potential.
BOX shares are up more than 11% so far today.
The Bad: Oh Deere
If you’ve followed the U.S.-China trade war talks (and if you’re reading this, I know you have), then you know that agriculture is a touchy subject this year.
And it isn’t playing out well for Deere & Co. (NYSE: DE).
Overall, the farm equipment company’s fourth-quarter sales and earnings were better than expected.
Earnings beat by a penny per share and revenue topped by about 16.5%. However, Deere warned of uncertainties in the agricultural sector.
“Lingering trade tensions coupled with a year of difficult growing and harvesting conditions have caused many farmers to become cautious about making major investments in new equipment,” CEO John May told investors.
Deere is paying the price for that uncertainty today, with DE shares down more than 3%.
The Ugly: Bring It On
I’m all for a little bravado here and there, but Tesla Inc. (Nasdaq: TSLA) CEO Elon Musk tends to take things a bit too far sometimes.
Not only is Musk tweeting out Cybertruck preorders like a leaky faucet (the total is up to 250,000 now, according to Musk), but he’s also picked a fight with Ford Motor Co. (NYSE: F).
On Sunday, Musk shared a video of a Cybertruck (I still can’t stand that name) pulling a Ford F-150 uphill.
There are multiple problems with this scenario, all of which astrophysicist Neil deGrasse Tyson was quick to point out: The Ford was rear-wheel drive and had no weight in the back end.
Basically, the contest was heavily weighted in favor of the all-wheel-drive Cybertruck.
Following an exchange with Tyson on Twitter, Musk promised to redo the test under more fair conditions — but not before Ford’s Sunny Madra (head of the company’s mobility ventures lab) offered to do the test for him.
It’s the little things like this that add unneeded drama for Tesla investors. The Tesla fanboys are probably eating this up. But for me, I just wanna see sales and revenue results.
I read this morning that Denver just got smacked with seven inches of snow. We get cold weather in Kentucky, but nothing like that. Personally, I greatly dislike cold weather. Someday, I plan on moving to an area where my face doesn’t hurt in the winter … definitely not Denver.
Great Stuff: ’Tis the Season for Sharing!
’Tis the season for sharing and giving thanks!
What snarkier way to tell someone “I care about you and your financial well-being” than to share today’s copy of Great Stuff with them?
You aren’t hoarding all this great financial information for yourself, are you?
I mean, I wouldn’t blame you. If I had a financial e-zine with a trading chart that could help me make billions, I’d keep it quiet, too.
No. No. No! We’re not grinches here. We share with our fellow investors. After all, we’d all like a bigger slice of pie.
Sharing is caring, and Great Stuff cares.
So, if you have a friend who still gets their daily financial news in that dry, Waspy old format from the major financial publications, forward them today’s copy of Great Stuff.
Or, send them here to sign up now!
Liven up their day. Help them make billions too!
They’ll thank you for it.
Finally, don’t forget to like and follow Great Stuff on Facebook, Twitter and Instagram!
Until next time, good trading!
Regards,
Joseph Hargett
Great Stuff Managing Editor, Banyan Hill Publishing
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Do You Know Where Your Towel Is?
Thanksgiving is tomorrow. Is your stomach prepared?
I know you might be feeling a little bit queasy heading into the holiday break. The market is setting all-time highs. Optimism is growing on U.S.-China trade talks. However, we’re coming up on the one-year anniversary of the December 2018 sell-off.
Wall Street is torn between fear of missing out (FOMO) and heading for the bomb shelter.
That said, I have a few prefeasting antacids for you today … a little something to ease your mind heading into the Thanksgiving holiday weekend.
First, U.S. gross domestic product (GDP) — i.e., the U.S. economy — grew at a faster-than-expected 2.1% in the third quarter. Most economists had estimated GDP growth of just 1.9%.
Second, U.S. durable goods orders rebounded in October, rising 0.6% after dropping 1.4% in September. Durable goods orders measure demand for big-ticket manufactured goods, such as home appliances, cars, medical equipment and even sports gear. The only caveat here is that most of October’s demand came from military spending, not the private sector.
Third, U.S. jobless claims fell to 213,000 ahead of the holiday weekend. The drop put claims back near historic lows after hitting a five-month high last week.
So, despite all the doom and gloom in the financial media, the U.S. economy is still chugging along. It does, however, appear a bit short of breath … but that’s nothing a solid U.S.-China trade deal won’t fix.
The Takeaway:
We’re back to that age-old question once posed by the iconic English rock band, The Clash: “Should I stay, or should I go now?”
If you go, there could be trouble … at least where your portfolio returns are concerned. FOMO is a serious affliction affecting many investors right now. They’re worried about a correction, a failed U.S.-China trade deal, a slowing U.S. economy … the list goes on.
However, these same investors see the market continue higher every week. They see economic reports (such as today’s) that fail to confirm their bearish-leaning suspicions.
“What if … what if the market suddenly surges higher and I miss out on the upside?” they might be thinking.
FOMO has gotten so bad, investment bank Canaccord Genuity addressed the issue in a note to clients yesterday. “While anything can happen, our indicators simply favor not chasing the market higher on fear of missing out,” the research firm said in a note.
That’s some first-rate analysis there. “Anything can happen.” Of course it can.
On the other hand, if you stay, it could be double. As I’ve noted before, the market is due for a correction at some point. It has to happen. All-time highs aren’t sustainable, and once the selling begins in earnest — not the profit-taking declines we’ve seen in the past couple of months — things could get ugly.
At times like these, I like to turn to The Hitchhiker’s Guide to the Galaxy. There are two simple rules. First, don’t panic. Second, always know where your towel is.
The first rule is pretty self-explanatory, but quite hard to do in reality. It means don’t sell everything just because the market shows signs of a correction. It also means that you shouldn’t rush into the market for fear of missing out.
The second rule is a bit vaguer. A towel is a very useful thing. It can be clothing, a blanket, a rope, et cetera. Your “towel” in this case is your safety net. This is the portion of your portfolio that is invested in long-term growth and safe, income-driven investments. A good investment “towel” will see you through the worst the market has to offer.
If you follow these two rules, you can still invest in the market’s continued upside with confidence.
It just so happens that Banyan Hill has its own incarnation of these two key rules: The Bauman Letter.
Banyan Hill expert Ted Bauman has spent his entire life showing people how to secure and keep their wealth … and their freedom and independence.
I don’t know if you know this, but The Bauman Letter has three separate portfolios — each suited to a different investing style:
The Endless Income Portfolio for generating income.
The Base Hits Portfolio for investing in long-term gains from solid, financially stable companies.
The Home Run Portfolio for impressive shorter-term gains on opportunistic trades.
It’s got something for everyone. It is your towel.
Learn how to diversify your investing today — click here to find out how to sign up now for The Bauman Letter.
The Good: Step 1 — Open the Box
If you thought the cloud market was taking a breather, Box Inc. (NYSE: BOX) just put that myth to rest.
The cloud services firm just reported blowout third-quarter results and lifted its full-year forecast. For the quarter, Box said it lost a penny per share, up sharply from a loss of $0.06 per share last year.
Revenue rose 14% to $177.2 million year over year, with 10% growth in billings — i.e., subscriber revenue.
Box also lifted its full-year outlook to earnings of $0.04 to $0.05 per share on revenue of $181 million to $182 million.
While both Microsoft Corp.’s (Nasdaq: MSFT) Azure and Amazon.com Inc.’s (Nasdaq: AMZN) Web Services dominate the cloud headlines, it’s clear that there’s still room for considerable growth in the market. Investors shouldn’t underestimate Box’s potential.
BOX shares are up more than 11% so far today.
The Bad: Oh Deere
If you’ve followed the U.S.-China trade war talks (and if you’re reading this, I know you have), then you know that agriculture is a touchy subject this year.
And it isn’t playing out well for Deere & Co. (NYSE: DE).
Overall, the farm equipment company’s fourth-quarter sales and earnings were better than expected.
Earnings beat by a penny per share and revenue topped by about 16.5%. However, Deere warned of uncertainties in the agricultural sector.
“Lingering trade tensions coupled with a year of difficult growing and harvesting conditions have caused many farmers to become cautious about making major investments in new equipment,” CEO John May told investors.
Deere is paying the price for that uncertainty today, with DE shares down more than 3%.
The Ugly: Bring It On
I’m all for a little bravado here and there, but Tesla Inc. (Nasdaq: TSLA) CEO Elon Musk tends to take things a bit too far sometimes.
Not only is Musk tweeting out Cybertruck preorders like a leaky faucet (the total is up to 250,000 now, according to Musk), but he’s also picked a fight with Ford Motor Co. (NYSE: F).
On Sunday, Musk shared a video of a Cybertruck (I still can’t stand that name) pulling a Ford F-150 uphill.
There are multiple problems with this scenario, all of which astrophysicist Neil deGrasse Tyson was quick to point out: The Ford was rear-wheel drive and had no weight in the back end.
Basically, the contest was heavily weighted in favor of the all-wheel-drive Cybertruck.
Following an exchange with Tyson on Twitter, Musk promised to redo the test under more fair conditions — but not before Ford’s Sunny Madra (head of the company’s mobility ventures lab) offered to do the test for him.
It’s the little things like this that add unneeded drama for Tesla investors. The Tesla fanboys are probably eating this up. But for me, I just wanna see sales and revenue results.
I read this morning that Denver just got smacked with seven inches of snow. We get cold weather in Kentucky, but nothing like that. Personally, I greatly dislike cold weather. Someday, I plan on moving to an area where my face doesn’t hurt in the winter … definitely not Denver.
Great Stuff: ’Tis the Season for Sharing!
’Tis the season for sharing and giving thanks!
What snarkier way to tell someone “I care about you and your financial well-being” than to share today’s copy of Great Stuff with them?
You aren’t hoarding all this great financial information for yourself, are you?
I mean, I wouldn’t blame you. If I had a financial e-zine with a trading chart that could help me make billions, I’d keep it quiet, too.
No. No. No! We’re not grinches here. We share with our fellow investors. After all, we’d all like a bigger slice of pie.
Sharing is caring, and Great Stuff cares.
So, if you have a friend who still gets their daily financial news in that dry, Waspy old format from the major financial publications, forward them today’s copy of Great Stuff.
Or, send them here to sign up now!
Liven up their day. Help them make billions too!
They’ll thank you for it.
Finally, don’t forget to like and follow Great Stuff on Facebook, Twitter and Instagram!
Until next time, good trading!
Regards,
Joseph Hargett
Great Stuff Managing Editor, Banyan Hill Publishing
0 notes